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20121108
20121108
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and pestilence next. >> president obama returns to washington with a new challenge, bringing together democrats and republicans. >>> and hispanic voters hold the key to victory. a record number of latinos turn out to vote, the majority supporting president obama. demand it at the ballot box. >>> this is the "cbs morning news" for thursday, november 8, 2012. >>> good morning. good to be with you. i'm terrell brown. this morning a lot of be folks in the northeast are asking how much more can we take? barely more than a week after superstorm sandy an unusually early winter storm is hitting the region with a nasty mix of rain, snow and gusty winds. the storm moved up the coast overnight disrupting roads and air travel and causing more trouble for an already fragile system. from 60,000 customers who just had their power restored lost it again. teresa garcia is in rockaway beach, new york. good morning to you. >> reporter: good morning, terrell. look it or not, ready or not, people in this tri-state region are pretty storm weary but they had to power through a nor'easter that brought a lot of snow, w
for president obama after a hard fought election and the president says he is willing to compromise. >> in the weeks ahead i also look forward to sitting down with governor romney to talk about where we can work together to move this country forward. >> the most pressing issue on the table might be the so- called fiscal cliff. if congress doesn't do something, americans face a rollback of tabb cuts as well as big slashes to defense and social programs and although it has no impact on the outcome of the election, cbs news has not called the election in florida. two counties it seems are still counting their votes for president. overseas prime minister benjamin netanyahu says he'll continue to work with president obama to continue to protect israelis and china's leaders say they're optimistic that a second obama term will give boat countries time to improve their -- both countries time to improve their relationship. >>> most investors are concerned nothing has really changed. >> reaction not so positive on wall street, the dow dropping more than 300 points finishing below 13,000 for t
to work tor president obama. he and congressional leaders promise to work together to prevent a budget crisis but wall street isn't buying it. >> how looking in mirror could provide clues to your risk for heart sease. >> but with today's "eye opener," your world in 90 seconds. . >> second storm made your life miserable. >> new misery for the northeast as a post-sandy storm slams the region. >> 60 mile-per-hour winds, wintry mix coastal flooding. >> causing 100,000 new power outages. >> it gets frustrated. it eats away from you. finally you see the light at the end of the tunnel and now we're starting all over again. >> finally got that forecast that i got last night i'm waiting for the locusts and pestilence next. >> worries about the fiscal cliff are affecting stocks around the world. >> president obama telephoned top congressional leaders urging more bipartisan cooperation. >> mr. president, this is your moment. we're ready to be led. not as democrats or republicans, but as americans. >> i want to work together but i want everyone to also understand you can't push us around. >> toda
approval by congress. president obama reports it and will respect the will of the people. we've reported that so many years that state hood for d.c. has been an effort for some time with no success. >>> both parties are willing to compromise on a deal to avoid that fiscal cliff. president obama called leaders to start negotiations to deal with the issue. house speaker john boehner said he's willing to compromise on raising some taxes. >> sounds good right? compromise. have we heard that lately? vice president joe biden says the obama administration is willing to compromise as well. the cliff is an across the board tax increase in spending cuts coupled at the same time and that's scheduled to kick in at the end of the year. economists say the impact could push america into another recession. >> the no steps are taken cuttings will cost you some real none. gary nuremberg as more on the sequestration issue. >> reporter: congress couldn't get a deal to cut the deficit. going off the fiscal cliff means crashing into your home. >> if we go over the fiscal cliff, we will increase taxes by $500
, the president is leading by less than 3 million votes. but, of course, president obama has already won the electoral vote, so nothing will change the outcome now. china is also changing leadership this month. today, china's communist party began a meeting that is held once every 10 years during which the people will be told who their new leaders are. that leadership has to manage a china that is evolving into a nation of haves and have-notes and bill whitaker is reporting tonight from beijing. >> reporter: the opening of the congress, a choreographed spectacle of power and pride, but outgoing president hu jintao told the assembled delegation the communist party's greatest success, china's economic development, has created one of its greatest threats-- a growing divide between rich and poor. on one side of the divide, huang nubo, a 56-year-old billionaire real estate developer. >> these buildings, these are your buildings, too? >> yes he was poor as a boy, he told us, but he's rich and powerful now on "forbs'" list of the world's wealthiest people. he started with one piece of property
on record as a result what do we get? more of the same balance of power, president obama stays in the white house, republicans in control of the house, democrats leading the senate. looking at the numbers -- the center for responsive politics says -- that is larger than the gross domestic product of 40 small countries including -- according to the international monetary fund a lot of people are taking a look at the numbers and figuring out what we could have bought in the united states for $6 billion. possibly a seawall. >> truthfully -- truthfully it's absurd. >> yeah. >> it really is. >> exactly. what do you have for us in the next half hour? >>> we are monitoring the fiscal cliff and we're going to be watching it very clearly with january 2 -- closely january 1st and this morning we're looking at what some lawmakers in the area are looking at doing. >>> a key health official loses his job over the fungal meningitis outbreak caused by at the same timed steroids. that story is coming up -- tainted steroids. >> plus, he tried to go into hiding but now the man behind the controversial film a
. and newly re-elected president obama campaigned on the pledge to raise taxes for those higher income earners. and the decisions congress makes will affect the economy, the u.s. credit rating and the national debt. anita? >> that's staggering. all right, thank you. speaker boehner favorites simplifying the tax codes by limiting the number ofexemption. it's one day after about 100,000 people took to the streets and protest. the demonstrators tried to stop the lawmakers from passing a new round of budget cuts. but they back up the measures to save them from bankruptcy. they fired the water canyons with the demonstrators. it was the biggest rally there in over a year. and stocks flipped again in this country. while it was not as dramatic as yesterday, investors, they are still concerned about the potential for gridlock. but they finished the day down 120 points to close at 12,811. >> all right, not too bad out there. a little sunshine, which is the big view as you would say. >> and things to come over the weekend, right? >> yes, it is. it looks warmer than what it was. up to 30 miles an hour tha
hard to make the case. >> reporter: congress will make the final approval but president obama will respect the will of the puerto rican people. which that has the executive chef feeling proud of her island roots. >> it's great to be part of the democratic government that is going to allow us to really fick what we want,. >> reporter: will congress agree? downtown washington, ken molestina, 9news now. >>> at 6:36 jessica doyle has another your money report. >> counting down to the fiscal cliff. here we go. >> that's right coming out of the election of course we're headed into a lame duck session of congress and the pressure is building to get something done before january 1st. that's when the debilitating package of tax hikes and spending cuts hit the country especially washington area. o -- especially the washington area. some are worried it could trigger another recession. lawmakers from both sides of the aisle have some willingness in order to compromise. the house speaker john boehner started a public negotiation with the president said. he said republicans would accept an
Search Results 0 to 7 of about 8